U.S. stocks have experienced some volatility in recent days. While markets sold off on Friday, Oct. 10, after President Donald Trump announced 100% tariffs on China, they recovered yesterday, as the president toned down his rhetoric. Stocks are trading lower today again after China retaliated against Trump’s moves by imposing sanctions on five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean.
Such countermeasures between the two countries have been a recurring theme this year. Frequent tariff changes have led to chaos, and while the broader market rose to record highs, shrugging off trade war fears, they have been quite volatile.
